ReNu Energy Limited (ASX: RNE) is an independent power producer which delivers clean energy products and services using a build, own, operate and maintain model. The Company provides its customers with renewable energy, at a lower price, with no upfront cost.
The Company is building a portfolio of projects which utilise proven technologies such as solar PV, typically operating under long term contracts generating sustainable cash flows and creating shareholder value. The projects either generate electricity at our customer’s premises and deliver directly to the customer behind the meter, or export electricity under long term power purchase agreements, feed in tariffs or for sale to the National Electricity Market. ReNu Energy also provides solar PV and embedded networks to multi tenanted properties such as shopping centres, allowing property owners and tenants to receive the benefits of lower cost renewable energy.
ReNu Energy has recently acquired the Amaroo Solar PV project, a 600 kW solar PV project in the ACT, and is developing approximately 2 MW of solar PV embedded network projects across four regional shopping centres. The Company owns and operates a 1.1 MW bioenergy project in Queensland, is constructing a 1.6 MW bioenergy project in NSW and has a pipeline of project opportunities across the National Electricity Market.
Headquartered in Brisbane, Queensland, ReNu Energy’s team has strong experience and capability in the renewable energy, utility and infrastructure sectors.
ReNu Energy listed as Geodynamics Limited on the Australian Securities Exchange (ASX) in September 2002. In October 2016, the Company announced it would rebrand to ReNu Energy, and the new name was approved by shareholders at the AGM on 25 November 2016.
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